GlobeNewsWire
19 May 2026, 12:55 UTC · 2d ago
Source · https://www.globenewswire.com/news-release/2026/05/19/3297519/29579/en/Davis-Executive-Wealth-Joins-LPL-Strategic-Wealth.html
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LPL Financial added approximately $635 million in advisory assets through the acquisition of the Davis Executive Wealth team. — Increases assets under management (AUM) for LPL, though the amount is small relative to their $2.3 trillion total.
+0.10LPL Financial is utilizing its 'Strategic Wealth' supported independence model to attract high-net-worth focused advisor teams. — Demonstrates the execution of a specific growth strategy to capture higher-margin, complex wealth management segments.
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The company expanded its assets under management and grew its advisor network by onboarding Davis Executive Wealth.
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